FY2010 Monthly Financial Report (March 2010).pdf

Finance Administration Committee Information Item IV-B May 13, 2010 FY2010 Monthly Financial Report (March 2010) Washington Metropolitan Area Transit Authority Fiscal 2010 Financials Monthly Financial Report March 2010 WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY MONTHLY FINANCIAL REPORT FY2010 March 2010 _________________________________________________________________ REPORT SECTIONS Operating Budget ? Ridership ? Revenue ? Expense Capital Finances ? Revenues ? Costs ? Projects Outstanding Debt Appendix Operating budget variances, by mode Ridership analysis Capital expenditures, by project Capital budget and expenditures, Metro Matters by ARRA Jurisdictional balances on account Transit Infrastructure Investment Fund Grant Activity (March 2010) Washington Metropolitan Area Transit Authority March 2010 Monthly Financial Report -- FY2010 OPERATING BUDGET Summary Total operating revenues in March were $68.4 million, $1.2 million below budget. As in previous months, the largest shortfall occurred in passenger revenue which was $60.9 million, $1.4 million below the budgeted amount of $62.3 million. When compared with the FY2010 Approved Budget, actual rail passenger revenue of $46.9 million for the month was $0.4 million or one percent below budget. Bus passenger revenue of $9.3 million was $0.9 million or nine percent below the budgeted amount of $10.2 million. MetroAccess and parking revenues were below budget for March by one and two percent, respectively. Through the end of March, total passenger revenue of $464.9 million was below the budgeted amount of $512.3 million by $47.4 million or nine percent. Total expenses for March of $118.1 million were $0.5 million favorable to budget, but year to date through March total expenses of $1